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Rating Index

Pros

Unique trading software with innovative features like the wizard and customizable charting options.
User-friendly interface that appeals to both new and experienced traders.
Active customer support and community feedback, indicating a commitment to user satisfaction.

Cons

Lack of regulatory oversight raises concerns about the safety of funds and overall trustworthiness.
Mixed reviews regarding the software's performance and reliability, with some users reporting issues.
Limited access to the software, as it is no longer available for purchase, which may restrict new users from trying it.

Premier Trade Company

Premier Trade Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Premier Trade Company, originally established as a family brokerage firm in 1985, has built a reputation in the financial services industry by prioritizing portfolio diversification and effective money management. The company has evolved significantly over the decades, integrating technology and innovative solutions to enhance its trading offerings.

Parent Company/Ownership Structure

Premier Trade operates as an independent entity, with James Dicks as its founder and CEO. The firm has expanded its operations and services over the years, but it remains primarily owned and managed by its founding family.

Headquarters Location

The headquarters of Premier Trade Company is located at 303 E 17th Ave Ste 405, Denver, Colorado, USA. This strategic location allows the company to serve a diverse clientele across various markets.

Global Business Scope

Premier Trade has established a global presence, offering services in multiple languages and catering to clients worldwide. The company has successfully attracted a significant following, with over 600,000 followers on social media platforms like Facebook.

Main Regulatory Bodies

Premier Trade is subject to regulation by several financial authorities, ensuring compliance with industry standards. Key regulatory bodies include the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States.

2. Company History and Development

Key Milestones

  • 2000: James Dicks begins his first forex training sessions.
  • 2001: The first live forex training event is held in Vancouver, British Columbia.
  • 2002: The publication of "Forex Made Easy" by McGraw-Hill marks a significant milestone in the company's educational outreach.
  • 2010: Premier Trade perfects its alerts and coaching services for users at all levels.
  • 2019: The company rolls out a new web-based design, enhancing user experience and mobile responsiveness.

Business Expansion Journey

Since its inception, Premier Trade has expanded its offerings from forex trading to include equities, mutual funds, and options. The company has continuously adapted to market demands and technological advancements, ensuring its services remain relevant and effective.

Customer Base Growth

Over the years, Premier Trade has witnessed substantial growth in its customer base. The company reported that over 15,000 users downloaded its trading software through targeted advertising campaigns on social media platforms.

Platform Development History

Premier Trade has invested in technology to enhance its trading platforms. The introduction of desktop download software in 2002, which allowed real-time forex signal delivery, laid the groundwork for future technological advancements. The company's recent transition to a fully web-based and mobile-responsive platform in 2019 is a testament to its commitment to innovation.

Important Awards or Recognitions Received

James Dicks, the CEO, has been recognized as an internationally renowned educator in the finance sector, contributing to various publications and appearing on major television networks. His work has earned him accolades, including the title of an international best-selling author.

3. Trading Services Offered

Forex Trading Options

Premier Trade offers a comprehensive range of forex trading options, including numerous currency pairs. The exact number of currency pairs may vary, but the platform typically includes major, minor, and exotic pairs to cater to diverse trading strategies.

Stock Trading Options

In addition to forex, Premier Trade provides access to a wide array of stock trading options. Clients can trade shares of publicly listed companies across various sectors, enhancing portfolio diversification.

CFD Trading Products

The company also offers Contracts for Difference (CFDs), allowing clients to speculate on price movements without owning the underlying asset. This service is particularly appealing to traders looking for leveraged trading opportunities.

Other Financial Instruments

Premier Trade has expanded its offerings to include cryptocurrencies and commodities. Clients can trade popular cryptocurrencies alongside traditional commodities such as gold, silver, and oil, further diversifying their investment options.

Special Services or Unique Advantages

Premier Trade distinguishes itself by providing educational resources and coaching services to empower clients in their trading journeys. The company emphasizes a common-sense approach to investing, helping clients navigate market complexities and achieve financial freedom.

Detailed Regulatory Information

Premier Trade is regulated by several bodies, including:

  • Commodity Futures Trading Commission (CFTC)
  • National Futures Association (NFA)

These regulatory bodies oversee trading practices, ensuring compliance with industry standards and protecting client interests.

As a U.S.-based entity, Premier Trade operates under the legal framework established by U.S. financial regulations. The company may have partnerships or affiliates in other regions to facilitate global trading services.

Client Fund Protection Measures

Premier Trade implements strict measures to protect client funds, including segregating client accounts and adhering to regulatory requirements for fund management. This ensures that client assets are secure and accessible.

Countries/Regions Served

Premier Trade serves clients globally, with a focus on markets in North America, Europe, and Asia. The company's multilingual support enables it to cater to a diverse clientele.

Compliance History

The company maintains a strong compliance record, adhering to regulatory requirements and industry best practices. This commitment to compliance enhances its credibility and trustworthiness in the financial services sector.

5. Competitive Landscape

3-5 Main Competitors

Premier Trade operates in a competitive landscape, with key competitors including:

  • Forex.com
  • OANDA
  • IG Group
  • TD Ameritrade
  • eToro

Positioning in the Industry

Premier Trade positions itself as a comprehensive trading platform that combines technology, education, and customer service. Its focus on empowering clients through education sets it apart from competitors that may not offer similar resources.

Market Differentiation Factors

Key differentiation factors for Premier Trade include:

  • A strong emphasis on educational resources and coaching services.
  • A diverse range of trading products, including forex, stocks, CFDs, and cryptocurrencies.
  • A commitment to regulatory compliance and client fund protection.

In conclusion, Premier Trade Company has established itself as a reputable player in the financial services industry, offering a diverse range of trading options and a commitment to client education and empowerment. With a strong regulatory framework and a global presence, Premier Trade is well-positioned for continued growth and success in the evolving financial landscape.

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